£30,000 with 10% target bonus
They are a specialist life insurance group based in London with a strong brand name and a reputation for success. They are very profitable. They have a strong collegiate environment and although very commercial, is a place where employees enjoy working. They also offer excellent career opportunities and are supportive.
Responsible for the administration of ceded business for specified clients assigned to the jobholder. This includes: processing of client accounts, recording claims notified, performing a full range of credit control procedures, analysis of client data, liaising with other business units on client related issues and effective management of relationships with assigned clients.
Interpret, validate and record details of all ceded reinsurance transactions on the company business systems, including Statement of Accounts, claims notifications, experience refunds etc.
Performing all aspects of company credit control procedures.
Performing all aspects of risk accumulation control procedures.
Preparing billings and supporting documentation for retrocessionnaires
Ensuring claims are settled promptly and in accordance with treaty conditions.
Ensuring that client settlements are identified promptly and paired against related technical bookings
Participate in client visits including periodic audits and as well as contributing to the 'due diligence' process for new clients/treaties
Maintain a thorough understanding of assigned client portfolio's analysing client data as required.
Create and maintain full and accurate client files both in paper and electronic formats.
Update management reports and escalate any potential reporting issues as and when necessary.
Develop effective working relationships with colleagues across the organisation to ensure both client and internal customer needs are met.
Assist with or take ownership of any ad hoc tasks as necessary.
Who they are looking for
Experience in a range of Reinsurance Administration functions covered by the tasks listed under Job Responsibilities above.
Working towards attaining an industry recognised qualification.
Relevant experience in the insurance industry generally.
Ability to work on own initiative and manage pro-actively a varied and demanding workload.
Ability to prioritise and get the job done in a multi-tasked, fast-paced environment.
Ability to work calmly and professionally under pressure.
Ability to demonstrate a flexible approach.
Strong interpersonal skills.
Strong communication skills - written, verbal and listening.
Good influencing skills and ability to challenge where appropriate.
Deliver to a high personal standard.
Key skills and attributes
Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry.
Takes responsibility for quality, completeness and accuracy of work.
Shows initiative, flexibility and resourcefulness.
Critically evaluates and challenges current work practices.
Is able to deal with challenging deadlines and prioritises effectively.
Provides accurate and timely updates on status of work and escalates issues appropriately.
Participates actively in meetings, has 'meeting presence'.
Is a committed team member who shares information, knowledge, and experience openly
Communicates in a clear and practical manner both verbally and in writing.
Has a good timekeeping and attendance record .